What is the next step towards getting the ball rolling?

After leaving my job in California, I rolled my 401k over into a Self-Directed IRA.

The second option is to sell all holdings, cease business operations and shut down.

I've heard lots of comments on how well Texas is doing but have to wonder if doing some long distance spec investing in those areas is a recipe for disaster.Are those of you who are doing it just simply learning the area, assembling a team, and letting the money roll?

I always get 2-3 yrs of actual financials and the last month's rent roll, otherwise I'm just shooting in the dark on offers and the bank always needs these to qualify the property for a loan.

Buy one house, live there a while, sell at a significant profit and roll the profits into a bigger and fancier house.

She is going through a divorce and will be receiving an option regarding her 401k: either roll it over into an IRA or take it as cash.

You stand to make a nice profit and can roll that cash into something else and capitalize on the market thats hot or up and coming.As Joel said sell at the peak, I wonder how many people would do things differently if they knew than what they know now??

You can normally borrow money from your 401k at competitive rates and pay yourself back or you could take a traditional IRA and roll it into a Self Directed IRA and invest your cash in real estate.

Gross rent roll was $7550/month.